Banco Bilbao Vizcaya Argentaria SA BBVA Minimum Capital Requirements for 2025
December 11 2024 - 11:44AM
RNS Regulatory News
RNS Number : 7593P
Banco Bilbao Vizcaya Argentaria SA
11 December 2024
Banco Bilbao Vizcaya Argentaria, S.A.
("BBVA"),
in accordance with the provisions of the Securities Market
legislation, hereby communicates the following:
OTHER RELEVANT INFORMATION
As a result of the Supervisory
Review and Evaluation Process (SREP), the European Central Bank
("ECB") has communicated to
BBVA the minimum capital requirements for the year 2025.
In this regard, BBVA shall maintain
at consolidated level a total capital ratio of 13.29% and a CET1
capital ratio of 9.13% effective from January 1, 2025. These
capital ratios include a Pillar 2 requirement at a consolidated
level of 1.68%, of which 0.18%[1] is determined on the basis of the ECB's
prudential provisioning expectations. Of this Pillar 2 requirement
of 1.68% at the consolidated level, a minimum of 1.02% shall be met
with CET1[2].
In addition, BBVA shall maintain,
effective from January 1, 2025 at the individual level, a total
capital ratio of 12.14% and a CET1 capital ratio of 7.98%. These
ratios include a Pillar 2 requirement at the individual level of
1.5%, of which at least 0.84% shall be met with CET1.
Below is a table summarizing the
minimum regulatory capital requirements applicable to BBVA at both
the consolidated and individual level:
Capital requirements
|
BBVA
Consolidated
|
BBVA S.A.
(individual)
|
CET 1
|
Total
capital
|
CET 1
|
Total
capital
|
Pillar 1
|
4.50%
|
8.00%
|
4.50%
|
8.00%
|
Pillar 2 (P2R)
|
1.02%
|
1.68%
|
0.84%
|
1.50%
|
Conservation buffer
|
2.50%
|
2.50%
|
2.50%
|
2.50%
|
Other Systemic Important Institution
buffer
|
1.00%
|
1.00%
|
0%
|
0%
|
Countercyclical
buffer[3]
|
0.11%
|
0.11%
|
0.14%
|
0.14%
|
Total capital requirements
|
9.13%
|
13.29%
|
7.98%
|
12.14%
|
Madrid,
December 11th, 2024
[1]
This 0.18% shall be met with CET1.
[2]
Includes the 0.18% determined on the basis of the ECB's prudential provisioning
expectations.
[3]
The countercyclical buffer is based on data as of
September 2024.
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